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Sunday share tips: Ashmore Group, Next
Fund manager Schroders recently scooped up more shares in emerging markets-focused fund manager Ashmore Group following a sharp rally in the share price, but there are reasons to remain sceptical, The Sunday Times's Danny Forston said.
Sunday newspaper round-up: Shell, LSE, Old Mutual
Shell has quietly begun sounding out buyers for parts of its sprawling North Sea operations amid a slump that has seen the industry shed tens of thousands of jobs. Europe’s biggest oil company strengthened its presence in the basin just last month when it completed its blockbuster £35bn takeover of rival BG. - The Sunday Times.
Commodities: US dollar strength weighs on crude oil, gold futures
Commodities came under pressure again at the end of last week as the greenback extended its gains into a fifth session, with Bloomberg's spot dollar index finishing slightly higher last Thursday at 96. 142 points.
US close: Stocks take a breather on holiday-thinned trading volumes
Wall Street ended the session on a mixed note on Thursday, breaking a five-week rally, albeit on holiday-depleted trading volumes ahead of the coming week's all-important monthly US jobs report and a raft of economic indicators due out from around the world.